Data as of Oct 28, 2026.

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GLDM vs XOP: Differences, Returns & Fees

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GLDM and XOP are both commodity funds, and over the year to Oct 28, 2026, XOP returned +62.5% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $4.6bn for State Street SPDR S&P Oil & Gas Exploration & Production ETF.

At a glance
+2.8%
GLDM total return, 1 year
+62.5%
XOP total return, 1 year
0.10%
GLDM expense ratio
0.35%
XOP expense ratio

Pair scorecard

GLDM costs 0.25 points a year less; their one-year returns differ by 59.7 points; GLDM is 6.7 times larger.

GLDM vs XOP: Differences, Returns & Fees
MeasureGLDMXOP
Return
Total return, 1 year+2.8%+62.5%
Drawdown
Below its high24.5%, high on Jan 29, 202624.8%, high on Jun 23, 2014
Benchmark
What it tracksGoldS&P Oil & Gas Exploration & Production Select Industry Index
Cost and size
Expense ratio0.10%0.35%
Net assets, as of Oct 27, 2026$30.6bn$4.6bn
Holdings
Holdings in commonnot published

Method

Side by side

GLDM SPDR Gold MiniShares Trust XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF
Where it sits Commodity ETF Stock ETF
What it is Holds gold Tracks the S&P Oil & Gas Exploration & Production
Total return, 1 year +2.8% +62.5%
Its benchmark over the same days +2.5% (GLD) not measured
Gap to its benchmark +0.3 pts vs GLD not measured
Expense ratio 0.10% 0.35%
Holdings not counted 52
Net assets, as of Oct 27, 2026 $30.6bn $4.6bn

GLDM and XOP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
GLDM

Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLDM holds gold. Over the year to Oct 28, 2026 it returned +2.8% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.5% below its high of Jan 29, 2026 on Oct 28, 2026.

XOP

XOP tracks the S&P Oil & Gas Exploration & Production. Over the year to Oct 28, 2026 it returned +62.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. It sat 24.8% below its high of Jun 23, 2014 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or XOP?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and XOP +62.5%.
Which is cheaper, GLDM or XOP?
GLDM is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, GLDM against XOP, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-xop

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